Media Advisory - Canada's Chartered Accountants available for comment on upcoming Federal Budget



    TORONTO, Feb. 15 /CNW/ - Senior officials with the Canadian Institute of
Chartered Accountants (CICA) including Kevin Dancey, FCA, President and CEO
and Doug Baker, FCA, Vice-Chair, will be available in Ottawa on Tuesday,
February 26, 2008 to comment on the federal budget immediately after
"lock-up". Experienced CAs will be able to provide analysis of the budget and
its impact on Canadians.
    In its pre-budget submission "Tax Priorities for Canada," the CICA called
on the government to:

    
    -   Reduce the general corporate income tax rate to the small business
        level.
    -   Aggressively pursue sales tax harmonization with the provinces with
        the provision of financial incentives for early action.
    -   Accelerate the pace of reducing the debt (accumulated deficit) so
        that a debt-to-GDP ratio of 20 per cent is reached by 2013/2014. In
        order to achieve this goal, minimum annual debt payments must be
        increased to $5 billion from $3 billion.
    -   Establish a framework under which overall program spending in all
        categories does not rise at a rate faster than the rate of inflation
        (adjusted for population growth).
    -   Continue to adjust capital cost allowance rates to better correspond
        to the economic life of the asset.
    

    More details on the pre-budget submission are available on the
Institute's web site (www.cica.ca).

    To pre-arrange an interview please contact: John Struthers at
613-761-3106 or strutgrp@storm.ca





For further information:

For further information: Please contact: Tobin Lambie, Manager, Media
with the CICA at (416) 204-3228 or tobin.lambie@cica.ca

Organization Profile

Canadian Institute of Chartered Accountants

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FEDERAL BUDGET REACTION 2008

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